Issue #67

Regulation

1. Crypto VC Paradigm launches Policy Lab

-- Has 2 inaugural fellows studying regulatory equivalence

-- Accepting user submissions for policy research proposals (eligible for up to $5k in grant funding)

2. CEXs gain traction in Europe

-- Kraken granted E-Money Institution status in Ireland and VASP registration in Spain

-- Coinbase secures AML registration in Spain

-- Binance re-enters Belgium market via Poland-based entity

3. Coinbase International Exchange obtains regulatory approval from Bermuda to list perpetual futures

-- The offering is available to retail users outside US

4. Taiwan's financial watchdog issues guiding principles for crypto firms

-- Guidance on white paper publication, asset custody, and local registration for overseas firms

5. Hong Kong to publish a list of licensed virtual asset trading platforms

-- Action taken in response to the controversy surrounding Hong Kong-based JPEX, an unlicensed crypto exchange charged with fraud

Infrastructure

1. Blocknative to suspend MEV-boost relay after economics fail to materialize

2. Celestia is airdropping 60M tokens as part of its Genesis Drop

3. Chainlink's cross-chain interoperability protocol launches on Base

Finance

1. Binance and banking giant MUFG are running a joint study to issue stablecoins in Japan

2. Thailand-based SCBX partners with Korea-based Hashed on blockchain R&D initiatives

-- Aim is to grow web3 adoption in Southeast Asia

3. Binance selling its Russian business to CommEX

4. Curve Founder Michael Egorov settles entire debt position on Aave

-- Eases fear of a massive liquidation event that could have triggered a contagion across DeFi

5. BIS and the central banks of Singapore, France, and Switzerland successful in testing out cross-border trading of wCBDCs

-- Used an AMM on a public blockchain to carry out the trading

5. Ripple cancels plan to acquire Fortress Trust

-- Fortress recently revealed a theft of $15M, which was pinned on a 3rd-party vendor

6. Valkyrie first in the US to offer exposure to both BTC and ETH futures under one ETF wrapper

7. Wire service MoneyGram releasing a non-custodial wallet in 2024

8. Chase Bank UK to block crypto-linked payments starting Oct 16

-- Citing increasing fraud and scams

9. Aptos Foundation and Thala launch $1M fund

-- Purpose: incentivize developers to create new DeFi protocols on Aptos

Consumer

1. NFT brand Pudgy Penguins debuts toy collection in 2k Walmart locations

-- Each toy comes with a unique birth certificate that allows the user to claim unique traits for their digital character inside Pudgy World, an online virtual world

2. Buenos Aires adopts blockchain-based digital identity solution

-- Allows citizens to store and manage their government-issued documents on zkSync Era

Security

1. L2 protocol Mixin Network hacked for ~$200M

-- Offering hacker $20M bug bounty reward for returning funds

2. Crypto exchange HTX (formerly Huobi) hacked for $8M

-- HTX fully reimbursing affected users

3. Upbit temporarily suspends Aptos token withdrawals after discovering counterfeit tokens

-- Counterfeit Aptos tokens were created by airdrop scam site ClaimAPTGift

-- Oversight in verifying type arguments caused all counterfeit APT transfers to be identified as native APT transfers

4. OpenSea discloses security incident that may have exposed user API keys

-- Existing keys to be sunset by Oct 2

5. Immunefi launches on-chain vaults in first milestone to decentralize bug bounty platform

-- Projects are allocated sovereign vaults to manage their respective bug bounty programs

-- SSV Network has already deposited $1M into its sovereign vault

Research

1. Robot Ventures GP Tarun Chitra publishes research on MEV (source)

-- Conclusion: transaction sequencing rules need to be app-specific; neither fair ordering techniques nor economic mechanisms can individually mitigate MEV for arbitrary payoff functions

2. Pantera publishes study on compensation in the crypto industry

-- 97% of people are paid in fiat

-- Exec salaries range from $147-335k and have token incentives averaging $1.3M

3. Research by Bosch on AMMs (source)

-- Provides a taxonomy that showcases AMM design characteristics

-- Demonstrates how to design AMMs to solve the thin market problem

4. The cost of swapping on Uniswap (source)

-- Conclusion: gas costs dominate transaction costs for small swaps; price-impact and slippage dominate transaction costs for large swaps

-- Presents an alternative way to quantify and identify slippage due to adversarial reordering of transactions, called reordering slippage

5. Privacy-preserving computation for decentralized personal data stores (source)

-- Use of MPC to perform privacy-preserving computation on personal data

6. Assessing the solvency of VASPs (source)

-- Assesses insolvency of Austrian VASPs by cross-referencing data from 3 sources: cryptoasset wallets, balance sheets from the commercial register, and data from supervisory entities

7. Sui considering adoption of Cuttlefish (source)

-- Cuttlefish allows for the consensus-less execution of a broader set of transactions, including asset swaps and multi-sig transactions, that were previously thought to need consensus

8. Multi-dimensional data quick query for blockchain-based federated learning (source)

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.